News sentiment analysis powered by sentiment-insight.com
2023-09-22
negative
Estes' $1.525BN Stalking Horse Bid For Yellow's Terminals Wins Out
Yellow Corp. filed for bankruptcy on Aug. 6 after failing to reach terms with its union workers on a proposed change of operations it said was vital to its survival. Estes Express Lines submitted the bid, which eclipsed a $1.5 billion offer from rival LTL carrier Old Dominion Freight Line.
2023-07-27
negative
Exec At Trucking Giant Yellow Tells Staff Company Will File Bankruptcy On Monday
Yellow’s senior vice president of sales informed her staff on Wednesday that their last day would be Friday and the less-than-truckload carrier will file bankruptcy on Monday. Yellow is the third-largest LTL company and employs some 30,000 workers.
2023-07-06
negative
Why Teamsters is willing to sacrifice 22,000 union trucking jobs
Yellow, one of the largest trucking companies in the United States, told the union that Yellow would be out of cash by August. Union labor comes at around a 30% cost disadvantage compared to nonunion workforces. Unionized LTL carriers have dropped from claiming 42% market share in 2002 to 22% in 2022.
2023-06-07
neutral
ABF Freight, Teamsters reach tentative labor deal
Teamsters are currently negotiating multiple labor deals with LTL carriers and UPS. ABF, ArcBest’s less-than-truckload subsidiary, said it will provide details on the terms in the coming weeks.
2023-03-15
negative
Opinion | A Second Chance for Johnson & Johnson in Court
In January, a three-judge panel rejected J&J’s plan to create a company called LTL to pay claims blaming talcum powder for a variety of ills. The talc-related claims were assigned to LTL, which then filed for bankruptcy.
2023-02-09
positive
Mullen Group Ltd. Reports Record 2022 Financial Results
LTL segment up $22.0 million, or 13.0 percent, to $190.8 million. Fuel surcharge revenue increased by $2.9 million and acquisitions added $3.5 million. US 3PL segment down $8.6 million as demand for full truckload shipments softened.
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